Global Management Consultancy Market

Content

• 1. Introduction
• Industry Definition
• The management consulting industry advises its clients (or the senior management of the company) on issues pertaining to improving and enhancing the efficiency of its corporate strategies, processes and operations. Consultants assess the clients business needs and review the business functions, plans and directions. The client may be a private company or a not-for-profit public organization.
  • 1.1 Worldwide Market Growth
  • The global management consulting industry grew at a compounded annual growth rate (CAGR) of 19% between 1995 and 2000.
  • 1.2 PEST Analysis
  • Political
  • Government Regulations Mould the Consulting Industry
  • Unions against Import of Consulting Services
  • Impact of Sarbanes Oxley Act
  • Economic
  • Consulting Industry Leans on Growth of Economies
  • Social
  • Talent Drives Consulting Business
  • Project Failures and Increasing Client Expectations
  • Technological
  • Technologies Drive Consulting Businesses
  • Outsourcing Creates Need for Consulting Services
  • 1.3 Trend Analysis
  • Widening Role of Operations Management Consulting
  • Small, Boutique Firms are the Rage
  • Increased Trend towards Outsourcing
  • 1.4 Key Market Drivers
  • Regulatory Changes Open up New Avenues
  • Growing Demand from Government and Public Sector
  • M&A Driving Consulting Firms Revenues
  • 1.5 Issues and their Implications on the growth of consulting business
  • High Rates of Attrition
  • Clients Harbor Great Expectations from Consulting Firms
  • Outsourcing as Threat to Consulting Business
  • 1.6 Customer Segments and Characteristics
• 2. Worldwide Top 10 Consulting Firms
  • 2.1 Market Share of Top 10 Consulting Firms
  • In FY05, top-50 firms contributed about 80% of the total revenues.
  • 2.2 SWOT Analysis Top Three Consulting Firms
    • 2.2.1 IBM Global Services
    • Strengths
    • Strong Market Position
    • Solid Acquisition Deals
    • Weaknesses
    • Lowest Margins from Largest Segment
    • Bureaucratic Organizational Structure
    • Opportunities
    • Focus on BPO Market
    • Innovative Consulting Services
    • Threats
    • Competition from Region-Specific Consulting Companies
    • 2.2.2 Accenture
    • Strengths
    • Global Delivery Model
    • Offshore/Global Sourcing Capabilities
    • Weaknesses
    • Operating losses from National Health Service (NHS)
    • Slow Growth in Financial Services Segment
    • Opportunities
    • Strong Consulting Demand
    • Threats
    • International Exposure
    • Low-Cost Consulting Firms
    • 2.2.3 Deloitte Consulting
    • Strengths
    • Global Presence
    • Multifunctional Company
    • Weaknesses
    • Lack of presence in Outsourcing Business
    • Opportunities
    • Increasing Demand from Asia-Pacific Region
    • Threats
    • Competition from Low-Cost Consulting Firms
• 3. Market and Trends by Region
  • 3.1 US Market
  • The US is the largest business consulting market in the world, accounting for almost half of the global consultancy market.
  • 3.2 European Market
  • The European market expanded 3.7% in 2004 and is the second-largest consultancy market after the US.
  • 3.3 Japanese Market
  • A major part of the Japanese services sector average revenue per employee as well as the growth rate of business consulting industry are comparatively higher than that of the total services sector.
  • 3.4 Asia-Pacific Market
  • Asia-Pacific is one of the fastest-growth regions for consulting and is expected to grow at 7% through 2008.
  • 3.5 Latin America Market
  • Latin America is steadily emerging as the market for consultancy beyond Europe and North America.
  • 3.6 Emerging Economies
  • China: The demand for management consulting services in China is relatively low, compared to developed countries.
  • India: India is an emerging market for the consultancy industry. India is increasingly becoming an important off-shore destination for consulting firms.
• 4. Competitive Landscape
  • 4.1 Revenues of Top Ten Management Consultancy Firms
  • 4.2 Profile of Major Companies
  • 4.2.1 IBM Global Services
  • 4.2.2 Accenture
  • 4.2.3 Deloitte Consulting
  • 4.2.4 CapGemini
  • 4.2.5 Mercer
  • 4.2.6 Computer Sciences Corporation (CSC)
  • 4.2.7 Atos Origin
  • 4.2.8 McKinsey & Company
  • 4.2.9 BearingPoint
  • 4.2.10 Hewlett-Packard (HP)
  • 4.3 Competitive Positioning of Top Five Consultancy Firms
  • 4.4 Key Partnerships and Alliances
  • IBM has 90,000 business partners worldwide, including consultants, software vendors, resellers and distributors.
  • Accenture extends its technology and business capabilities through an alliance network of about 150 companies to provide cutting-edge customized client solutions.
  • Deloitte Consulting has entered into alliances with various companies across industries to enable effective implementation of the alliances business products and services.
  • CapGemini, primarily a technology consulting firm, has entered into alliances with leading global technology companies.
  • Mercer has entered into strategic alliances with various companies to enhance the quality and effectiveness of its consulting services.
• 5. Markets and Trends by Segments
  • 5.1 Financial Services Consultancy Market
  • Trend Analysis
  • Increasing M&As Across Industries
  • Increasing Business Activity and Deregulation
  • 5.2 IT Consulting Market
  • Trend Analysis
  • Increasing Concern over Data Security
  • Stagnant IT Spending
• 6. Industry Outlook
  • The future of this industry lies in the rapidly growing markets of China, India, Latin America and Eastern Europe. Growth for the US consultancy market will be driven by niche services such as Sarbanes-Oxley compliance and RFID-related issues.
  • Table 1.1 Failed IT Projects in UK
  • Table 2.1 IBM Segment Margins 2005
  • Table 2.2 Accenture Client Base FY00-FY05
  • Table 4.1 Consulting Revenues of Top-10 Management Consulting Firms 2005
  • Table 4.2 (Region-wise Revenue Growth) - IBM FY05
  • Table 4.3 IBM Alliances
  • Table 4.4 Accenture Alliances
  • Table 4.5 Deloitte Alliances
  • Table 4.6 CapGemini Alliances
  • Table 4.7 Mercer Alliances
  • Table 5.1 Segments of the financial services consultancy market
  • Table 5.2 (Industry-wise IT spending growth rate) 2005
  • Fig 1.1 Industry Segmentation
  • Fig 1.2 Global Management Consulting Market Size 2001-2005
  • Fig 1.3 Market Share by Segment: Total Size US$120 billion 2004
  • Fig 1.4 Global M&A Value 2004-2006E
  • Fig 2.1 Global Market Share: Top 10 Consultancy Companies 2005
  • Fig 2.2 % Growth in Verticals Accenture, Q106 y-o-y Q105
  • Fig 2.3 Geographical Segmentation: Total Revenues - US$17 billion 2005
  • Fig 3.1 US Management Consulting Market Revenues 2002-2004
  • Fig 3.2 European Management Consulting Market Revenue: 2004
  • Fig 3.3 Japanese Management Consulting Market Revenues: 2001-04
  • Fig 5.1 Mergers & Acquisitions (Volume): 1999-2004
  • Fig 5.2 Market Share by Segment: 2004
  • Fig 6.1 Management Consulting Market Size 2004-2006E
  • Fig 6.2 Segment wise Market Share: 2006